Distribution Automation market to receive overwhelming hike in revenues by 2023 - Credence Research
According to a new industry report published by Credence Research, Inc. “Distribution Automation industry By Product Type (Hardware, Software, Service), By Hardware (Monitoring and Control Device, Power Quality Control Device, Power Switching Control Device), By End User (Industrial Sector, Commercial Sector, Residential Sector) – Growth, Share, Opportunities & Competitive Analysis, 2016 – 2024”, the global distribution automation industry is expected to exhibit a CAGR of over 8% from 2016 to 2024.
Browse the Distribution Automation industry– Growth, Share, Opportunities & Competitive Analysis, 2016 – 2024 report at http://www.credenceresearch.com/report/distribution-automation-market
Industry Insights
Government mandates to enhance grid efficiency is boosting the adoption of distribution automation technology across energy and utility sector. Transition of traditional grid to smart grid in emerging industrys such as China, India and GCC countries is fueling growth of the industry. Also, this technology enable end users to manage distributed renewable energy in an efficient manner, which is expected to support industry growth over the forecast period. Reduction in long terms maintenance and operational cost and enhanced energy efficiency are the other major factors driving growth of the distribution automation industry across the globe. However, lack of awareness in developing and underdeveloped regions such as parts of Latin America and Africa is hampering growth of the industry to certain extent. Additionally, technical issues and high deployment cost associated with distribution automation technology is anticipated to hinder adoption of this technology.
Competitive Insights:
Major vendors in the distribution automation industry aims at introducing technologically advanced solutions and systems to cater increasing customer demand. This helps vendors to differentiate themselves from counterpart and sustain competition. Also, investment in research and development activities and strategic partnerships and collaborations are other major strategies followed by key players to enhance existing product portfolio and expand industry footprints. Major players operating in the global Distribution Automation industry are are ABB Ltd., Alstom Group, Duke Energy Corporation, Edison Electric Institute, General Electric Corporation, Schweitzer Engineering Laboratories, Inc., Schneider Electric SA, Siemens Automation Inc., Schneider Electric SA, Tennessee Valley Authority and Nissin Electric Company Ltd.
Key Trends:
• Introduction of advanced distribution automation systems
• Growing integration of IoT technology in power distribution system
• Strategic partnership among major players
Browse the Distribution Automation industry– Growth, Share, Opportunities & Competitive Analysis, 2016 – 2024 report at http://www.credenceresearch.com/report/distribution-automation-market
ToC:
1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
2. Executive Summary
2.1. Global Distribution Automation Market Snapshot
3. Global Distribution Automation Market Analysis
3.1. Global Distribution Automation Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
3.4. Attractive Investment Proposition
3.5. Market Positioning of Key Industry Participants
3.6. Major Strategies Adopted
4. Global Distribution Automation Market Revenue, By Type, 2014 – 2024 (US$ Mn)
4.1. Comparative Analysis
4.1.1. Hardware
4.1.2. Software
4.1.3. Service
5. Global Distribution Automation Market Revenue, By Hardware, 2014 – 2024 (US$ Mn)
5.1. Comparative Analysis
5.1.1. Monitoring and Control Device
5.1.2. Power Quality Control Device…
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